Whale with $29.75 Million Profit Opens Another 24,000 ETH Long Position
A crypto whale, who has already earned $29.75 million in profit from 15 trades on Hyperliquid, opened an additional long position of 24,000 ETH. This position is currently worth approximately $60.7 million and holds an unrealized profit of $2.6 million, indicating continued confidence in Ethereum.
Whale earned $29.75 million profit from 15 trades on Hyperliquid.
Opened a new long position of 24,000 ETH.
Position valued at $60.7 million with $2.6 million unrealized profit.
Indicates continued confidence in Ethereum.
Story
A crypto whale, who has earned a total profit of $29.75 million across 15 trades on Hyperliquid, has opened an additional long position in Ethereum. This new position consists of 24,000 ETH, currently valued at approximately $60.7 million. The whale already holds an unrealized profit of $2.6 million on this position. The activity of this whale, who created four new wallets approximately four months ago and began trading on Hyperliquid, demonstrates a consistent and profitable strategy, with nearly all previous trades turning profitable. This latest move underscores the whale's confidence in Ethereum's potential, particularly following recent price movements. Ethereum (ETH) is currently trading at $2530.01, with a 24-hour decrease of 1.27%.
Issue context
The crypto market presents a dynamic picture in this issue: A long-inactive Bitcoin whale moved a significant amount of BTC, valued at $377.6 million, on October 12, 2026, sparking speculation about potential sales or internal restructuring. Concurrently, the increasing interest from traditional hedge funds in crypto arbitrage signals a continued integration of traditional finance and crypto markets. These developments occur amidst significant market volatility, reflected in massive liquidations, and are further influenced by regulatory debates in Germany.
Current market movements indicate that both large players and institutional interests are shaping the crypto market. The high volatility, manifesting in liquidation waves, reminds you that leveraged positions carry significant risks. Regulatory developments can also have unpredictable impacts. Remain vigilant and carefully assess your risk tolerance.
Market pulse
ETH
$2.5K
-1.27% 24h / -6.39% 7d
Fear & Greed
57
Greed
BTC Funding
+0.0055%
20 perp markets · Open Interest $54B
BTC Open Interest
$54B
24h volume $87.4B · basis +0.025%
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This story is part of the Biturai Market Brief and is for informational purposes only. No investment advice.